How to properly take profit in gold investment?

Gold investment is a financial wealth management product. Like all financial wealth management products, it has certain risks. Therefore, better control of risks can enable investors to obtain more profits.

Stop loss and take profit as an effective means of controlling risk, are very popular with investors, the two also exist side by side, when investors place orders at the same time set stop loss and take profit.

Stop loss can protect investors from failing to make their orders expand indefinitely and reduce their losses.

Take profit is to prevent investors from being too greedy psychological misunderstandings, because the market volatility is ever-changing, perhaps at this moment is still a profitable order, the next moment will turn into a loss.

Therefore, take profit is not to stop making money and let investors earn less, but to ensure that investors can make money steadily. The following editor introduces you to two kinds of take profit techniques.

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1. Static take profit. Static take profit refers to the establishment of a specific profit target, once the profit target is reached, it is necessary to firmly take profit.

This is an important means to overcome greed. Many investors are always worried that if they close their positions, they may lose the greater profit opportunities in the market outlook. Although this situation exists objectively, don’t forget to keep profits before trading. The purpose is.

2. Dynamic take profit. Dynamic profit taking means that when a profit order is held in the hand, because the gold price rises (decreases) intact, and the objective analysis of the gold price has room to rise or fall and choose to continue to hold the order, until the reverse movement of the gold price reaches a certain standard, the investor You can take a position to close the operation.

In the actual combat of gold investment, investors should stop loss and profit properly, remember not to be too greedy, and ensure that they can obtain profits and achieve their purpose of entering this market.